Whirlpool is an Appliance Stock for Q4

WhirlpoolWhirlpool Corp. (NYSE: WHR) is a world-renowned manufacturer of home appliances including refrigerators and freezers, dishwashers, laundry appliances, cooking appliances, and air conditioning systems. The company reported revenue and earnings that beat estimates in the third quarter, and its dividend makes it a reliable income pick for growth-focused investors.

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Whirlpool generated quarterly earnings of $6.91 per share in the third quarter, beating the analyst consensus of $4.10 per share. This was a significant increase over the $3.97 per share that was reported a year ago. Revenue for the quarter was $5.29 billion, a notable increase over the $5.09 billion reported at this time last year, especially considering that the company operates in an economy weakened by the Coronavirus Pandemic.

Earnings are expected to grow by at least 11.4% over the next year. A strong recovery in consumer spending is expected with several COVID-19 vaccines likely to become available.

Traditionally this stock is a strong revenue and earnings performer, which makes it a stable pick for growth. The current average price estimate of $210.14 suggests that there will be an upside over today’s price. The most bullish analysts predict a price as high as $240.00. With a reliable dividend yield of 2.5%, this stock can create portfolio income for reinvestment. It’s as good as the best blue-chip picks on the market, making it a compelling choice for the fourth quarter.

Key Data:

  • 1 Year Price Growth: 40%
  • YTD Price Growth: 65%
  • 3 Month Price Growth: 21%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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